Wayfair Inc. (W) Insider Nicholas Malone Sells 400 Shares of Stock
Wayfair Inc. (NYSE:W) insider Nicholas Malone sold 400 shares of the business’s stock in a transaction dated Friday, October 7th. The shares were sold at an average price of $39.32, for a total transaction of $15,728.00. Following the completion of the sale, the insider now directly owns 13,631 shares of the company’s stock, valued at approximately $535,970.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Nicholas Malone also recently made the following trade(s):
- On Monday, October 3rd, Nicholas Malone sold 245 shares of Wayfair stock. The shares were sold at an average price of $38.40, for a total transaction of $9,408.00.
- On Wednesday, September 7th, Nicholas Malone sold 6,400 shares of Wayfair stock. The shares were sold at an average price of $43.06, for a total transaction of $275,584.00.
Shares of Wayfair Inc. (NYSE:W) opened at 36.59 on Thursday. The firm’s 50-day moving average is $39.54 and its 200-day moving average is $40.08. The firm’s market cap is $3.11 billion. Wayfair Inc. has a 52-week low of $28.85 and a 52-week high of $50.00.
Wayfair (NYSE:W) last issued its quarterly earnings results on Tuesday, August 9th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.41) by $0.02. The business had revenue of $755.70 million for the quarter, compared to the consensus estimate of $782.43 million. Wayfair had a negative net margin of 4.20% and a negative return on equity of 56.95%. The business’s revenue was up 60.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.15) EPS. Analysts anticipate that Wayfair Inc. will post ($1.67) earnings per share for the current year.
Several research firms recently weighed in on W. Longbow Research began coverage on shares of Wayfair in a research report on Thursday, June 16th. They set a “neutral” rating for the company. Cowen and Company reaffirmed a “buy” rating and set a $61.00 price objective on shares of Wayfair in a research report on Tuesday, June 21st. Vetr cut shares of Wayfair from a “strong-buy” rating to a “buy” rating and set a $46.67 price objective for the company. in a research report on Wednesday, June 22nd. Zacks Investment Research raised shares of Wayfair from a “sell” rating to a “hold” rating in a research report on Saturday, July 9th. Finally, Veritas Investment Research reaffirmed a “hold” rating on shares of Wayfair in a research report on Friday, August 5th. Fourteen equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Wayfair presently has a consensus rating of “Hold” and an average target price of $51.42.
Several hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA increased its stake in Wayfair by 112.9% in the third quarter. BNP Paribas Arbitrage SA now owns 2,629 shares of the company’s stock worth $104,000 after buying an additional 1,394 shares during the last quarter. BlackRock Inc. increased its stake in Wayfair by 70.0% in the second quarter. BlackRock Inc. now owns 2,689 shares of the company’s stock worth $105,000 after buying an additional 1,107 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in Wayfair during the second quarter worth $107,000. Legal & General Group Plc increased its stake in Wayfair by 46.8% in the first quarter. Legal & General Group Plc now owns 2,957 shares of the company’s stock worth $124,000 after buying an additional 943 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its stake in Wayfair by 42.4% in the second quarter. Teacher Retirement System of Texas now owns 3,905 shares of the company’s stock worth $152,000 after buying an additional 1,163 shares during the last quarter. Hedge funds and other institutional investors own 71.84% of the company’s stock.
Wayfair Inc (Wayfair) offers browsing, merchandising, product discovery and prices for a range of products from suppliers across various brands, including Wayfair.com, Joss & Main, AllModern, DwellStudio and Birch Lane. The Company offers a range of furniture, home furnishings, decor and goods. Wayfair produces editorial content both in-house and through third parties.
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